Question 75 2 pts Refer to Hermitage Corp. If Hermitage uses the aging of accounts receivable approach to estimate its bad debts, what will be the net realizable value of its accounts receivable after the adjustment for bad debt expense? $140,000 $167,000 $184,000 $156,000 The data presented below for Hermitage Corp. is for the year ended December 31, 2010 Sales (100% on credit) $1,400,000 Sales returns 30,000 Accounts Receivable (December 31, 2010) 170,000 Allowance for Doubtful Accounts (Before adjustment at December 31, 2010) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14.000 Question 73 2 pts Refer to Hermitage Corp. If Hermitage estimates its bad debt to be 1% of net credit sales, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts? $13.700 $12,400 $14.000 515.000